Trump tariffs live updates: China says 'door is open' to trade talks with the US

🚘 Tesla's sales in key European markets plunge in April: Tesla sales in some European markets fell sharply in April, in an acceleration of a trend seen since the beginning of the year for Elon Musk's EV brand, as Europeans buy more Chinese cars and some protest against his political views. Yahoo Finance reports.

👩‍💻 Apple shares fall as tariff costs to add more agony: Apple shares fell nearly 3% in premarket trade on Friday after the iPhone maker trimmed its share buyback program and CEO Tim Cook warned of additional tariff-related costs of about $900 million this quarter amid a raging Sino-U.S. trade war. The Cupertino, California-based company that makes over 90% of its products in China said it plans to shift production of iPhones to India to minimize the impact of President Donald Trump's trade war. Reuters reports.

👨🏻‍⚖️ Google will seek to avoid ad tech spinoff in antitrust case: Google on Friday will urge a judge to avoid breaking up its advertising technology business as part of an effort to end its control of tools vital to selling ads on the internet. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, is holding the hearing to get a broad sense of potential remedies to restore competition in markets for technology that helps website publishers sell ads. Reuters reports.

🛢️ Shell profit beats expectations, buybacks kept steady: Shell exceeded analyst expectations on Friday, reporting a 28% drop in first-quarter net profit to $5.58 billion, while holding steady the pace of its share buyback programme despite falling oil prices and lower refining margins. Reuters reports.

🚙 Chevron’s stock falls as profit beats views, but revenue falls short: Shares of Chevron were sinking toward a three-year low in early trading Friday, after the oil and gas giant reported quarterly profit that dropped, but beat expectations, while production was flat and revenue fell short of forecasts. The Houston-based company CVX said reasons for the earnings decline included reduced profitability on refined product sales and lower realizations, such as lower oil pricing. Market Watch reports.

🧑🏻‍💼 The April jobs report is the economy’s next test: The Bureau of Labor Statistics is slated to release April employment data on Friday morning. Here's what economists tracked by FacSet are expecting.
Payrolls: 135,000 jobs added, which would be a slowdown from 228,000 in March.
Unemployment rate: 4.2%, the same as in March. Barron's reports.

📦 Amazon beats on Q1 earnings, but light Q2 guidance sends stock sliding: Amazon stock fell early Friday after the company beat first-quarter earnings estimates on Thursday but offered lighter-than-anticipated guidance for its Q2 operating income. For the quarter, Amazon saw earnings per share of $1.59 on revenue of $155.7 billion. Wall Street was anticipating EPS of $1.36 and revenue of $155.1 billion, according to Bloomberg consensus estimates. The company reported EPS of $0.98 and revenue of $143.3 billion in Q1 last year. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $KIDZ: Classover Holdings

Total gain: +80.03%

2) $FRGT: Freight Technologies

Total gain: +23.88%

3) $NUV: Nuveen Municipal Value

Total gain: +21.40%

4) $CAMP: Camp4 Therapeutics

Total gain: +19.68%

5) $SOPA: Society Pass

Total gain: +17.79%

The closing price of the top three market percent gainers trading near or above $3 on May 1.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $KIDZ: Classover Holdings

Total gain: +375.6%

The company announced that it has entered into an Equity Purchase Facility Agreement with Solana Strategies Holdings LLC, providing for the sale by the company of up to $400 million of Class B common stock. Benzinga reports.

2) $ZCAR: Zoomcar Holdings

Total gain: +143.2%

The stock appeared to be moving on no notable news.

3) $NAOV: NanoVibronix

Total gain: +35.31%

The stock appeared to be moving on no notable news.

Time (ET) / Report / Period

8:30 am - U.S. nonfarm payrolls - April

8:30 am - U.S. unemployment rate - April

8:30 am - U.S. hourly wages - April